Tripoli and Bayda CBLs meet to solve banknotes duality, agreed to withdraw old-printed banknotes

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The two rival Central Banks of Libya, one internationally recognised and based in Tripoli, and the second is self-declared by Al-Thinni government in Bayda, eastern Libya, met Saturday and discussed many ways to solve the banknotes duality as the Bayda-based printed in Russia new banknotes and started distributing them in the east.

The two CBLs agreed on many solutions to the issue of banknotes, including a decision to withdraw the sixth issue of Libyan banknotes (LYD1 LYD5 LYD10) from the market, according to a deadline schedule.

They agreed to form a five-member committee to start applying the new decisions starting June 11.

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